Navigating the Complicated World of Bankruptcy

Just about everyone has debt, and those with a high debt amount may think that their only choice is bankruptcy. But it may be possible to manage this situation if your debt-to-income ratio is at a reasonable level. Understanding your debt-to-income ratio and its effect is crucial for managing your financial health.
The Nature Of Debt-To-Income Ratios
Debt-to-income ratios indicate how much of your monthly income goes to your debt payments.…

People think they’ll never fall behind on their debt payments until the day they do. Although getting caught up on past due payments can feel like an impossible task, it is possible to get your finances back on track. Here are two options you can take advantage of to help you resolve your past due balances and start fixing your credit:
Ask About a Forbearance Program
Creditors don’t like it when people fall behind on their debt payments.…

Just the act of a bankruptcy filing can make some people feel embarrassed, but that might pale in comparison to the thought of making an appearance in public before a bankruptcy judge. You already feel a bit sheepish about your financial situation, and you know that taking responsibility for your situation is important. Fortunately, this dreaded appearance in bankruptcy court is usually nothing to be worried about, so read on to learn more about your chapter 7 federal meeting, known as the creditor’s meeting.…

About Me

In poor economic times, many families must face filing for bankruptcy. My name is Jennifer Adams, and I work as an attorney who helps people dig themselves out of a financial hole through bankruptcy. Many people don't understand that there are different types of bankruptcy. An attorney like myself can help you understand which type is best for your family as well as answer questions about keeping your property and which debts you will still be required to pay. In this blog I will address the different types of bankruptcy and explain how each one works and how to know which is the right choice for you.